Nick Woodhouse, president and chief brand officer of Authentic, added, “With expansive reach, differentiated channel strategy, and balanced strength across its women’s and men’s businesses, Champion has profoundly influenced sports culture. This is the perfect time for the brand to make a significant impact as women’s sports continue to broaden their presence and fandom worldwide.”
HanesBrands Selling Champion To Authentic For $1.5B : Advisers and Legal Teams
Goldman Sachs & Co. and Evercore are serving as financial advisers to HanesBrands, while J.P. Morgan Securities LLC and BofA Securities are advising Authentic. A Skadden Arps Slate Meagher & Flom LLP team led by M&A partners Alexandra McCormack and Paul Schnell is representing Goldman Sachs.
The Kirkland team representing HanesBrands includes corporate partners Allie Wein, Daniel Wolf, and William Lay, along with specialists in antitrust, executive compensation, tax, technology and IP transactions, employee benefits, and employment and labor. Latham’s team for Authentic is led by corporate partners Justin Hamill and Michael Anastasio with counsel Michael Montgomery.
